This fund manager says a bull market might be on the horizon — and names her top stock picks

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This fund manager says a bull market might be on the horizon — and names her top stock picks
Portugal Últimas Notícias,Portugal Manchetes

U.S. stocks are posting smaller gains this month, as market sentiment turns more bearish. But fund manager Barbara Doran is taking a contrarian view.

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Stock markets seem to be slowing after a strong start to the year. The S & P 500 is up about 1.5% in February, down from a 6.2% gain in January. And the tech-heavy Nasdaq Composite and blue-chip Dow Jones industrial Average tell a similar story. What's cooling the market? The prospect of sticky inflation and more interest rate hikes, as well as " rolling recessions ," among other things.

"If you're a long-term investor, you stick to your guns and you wait for opportunities in names that may have gotten too expensive," she said. Stock picks One of Doran's top stock picks is Uber — and she's given the stock upside of between 25% and 50%. The ride-hailing giant is a "global leader" in two "secular growth areas" — ridesharing and food delivery — and has gained market share in both, according to Doran.

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CNBC /  🏆 12. in PT
 

Just buy Bitcoin and some NFTs. Everything will be alright.

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